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Why it’s significant: Out of the exhaustive list of candidates running to replace former Speaker Kevin McCarthy, Palmer is the only candidate that sits on the House Energy and Commerce Committee. Notably, he’s also a policy wonk, sitting as chair of the Republican Policy Committee. If Palmer were to assume the gavel, he would come in with a unique perspective on the energy landscape.
Still, the congressman doesn’t always agree with his party on marquee bills. In 2016, the Alabama Republican was one of 21 House Republicans to vote against a major water infrastructure package that would improve drinking water facilities across the nation, among other things.
The deal will give Chevron access to Hess’s major oil field in the country and"positions Chevron to strengthen our long-term performance and further enhance our advantaged portfolio by adding world-class assets,” Chevron Chairman and CEO Mike Wirth said in a statement. Together, the buyouts represent a major bet from U.S. producers on the long-term reliance of fossil fuels.
CHINA SAYS IT WILL HOLD TALKS WITH RUSSIA ON ELECTRICITY: China said today it plans to hold talks with Russia on its power export pricing and volumes after Russian state energy group InterRAO raised costs for buyers to help tackle its budget deficit. Russia has sought to forge closer ties to Asian buyers amid its ongoing war in Ukraine and punishing energy sanctions from the West. China is now on track to become the second-largest buyer of Russian power— second only to the landlocked Central Asian nation of Kazakhstan, which shares a border with both countries.
Any continued use would be allowed only in areas where there is no known alternative—including, critically, the separation of EV battery materials, EPA officials said. The proposed ban aligns with the White House’s Cancer Moonshot, or the whole-of-government initiative aimed at “ending cancer as we know it” and limiting consumer exposure to known carcinogens.
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